Saving the Nation’s Families From Foreclosure

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People across the nation have been seeing the word “foreclosure” posted up in front of houses more often lately. This particular problem of people losing their homes is because of a recession that the nation is experiencing. Many solutions to solving this problem have been thought of but turned down. A possible answer for fixing this foreclosure issue is as follows: in order for people to keep there homes during this time of recession, it may be ideal to provide the home owners with extended contracts on their homes with lower payments each month, so that the contractor still receives all their necessary payments and the client can still afford to keep their house. This solution will help solve many of the problems such as people buying houses they can’t afford and contractors offering high sales rates. It will also help families like may aunt who move several times just to get a place they can afford. It will also help many people save their homes and keep them from being homeless.

The majority of the nation’s problem in this foreclosure crisis is that people are buying houses that they cannot afford. Everyone knows that when it comes to buying a house for the first time that it’s a major accomplishment for him or her, but some people in the nation do not seem to consider their salary when it comes to buying a home. Many people may say they’ve found the perfect home for them but is it really in their budget? During this recession, it’s most likely that the house is out of their price range, but they still purchase the house anyways. With the house being too expensive, the new client may struggle to pay the rent each month. They may have to cut back on some of their leisure expenses just to pay the bills. People may look for fi...

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... it’s a possibility that they would be living in that same house, at this present day, with all their family comforts they need without having to live from paycheck to paycheck as they do now just to keep their home.

Recessions have come and gone all throughout history across the world. It’s all a part of the business cycle, but there are newer problems with each recession. This recession that the nation currently is in has caused several foreclosures of houses throughout the nation. We, as a Nation, can stop many of these foreclosures if we use the solution of extended contracts. We will be helping people keep their homes and by keeping more people from becoming homeless, the nation will be that much better for each person, him or her, a couple, a family that doesn’t have to be forced elsewhere for shelter. That is the answer to this nation’s foreclosure crisis.
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